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General Economics Test Questions
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General Economics Test Questions
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25 Questions

1. The latest Index of Industrial Production(IIP) is based on:
2. ‘The General Theory’, was published in :
3. The Classicals adopted ---------policy:
4. Fiscal policy is related to:
5. The contribution of service sector to GDP in 2011‐12 is:
6. Economic growth can be achieved through
7. Transformation of inputs into outputs is known as
8. Which of the following transaction is debit in balance of payment;
9. Keynes strongly argued for:
10. If the Rupees per Dollar($) exchange rate changes from Rs 44 to 46 in an year A, it implies
11. The wants of the people are
12. An accounting year in India is:
13. Demand varies ------------..with price.
14. The equilibrium price is determined by the forces of:
15. Keynes believed in :
16. Elasticity of supply for a positively sloped straight line supply curve that intersects the price axis is:
17. The ‘Permanent Settlement Act’ was introduced in India in:
18. When an individual’s income rises, when everything else remains the same, his demand for normal goods:
19. When a firm doubles its inputs and finds that its output has more than doubled, this is known as:
20. Pick the odd one out:
21. The problem of allocation of resources is concerned with:
22. In which of the following market, advertisement is absent:
23. Rate of interest will increase when the demand for saving is:
24. According to Classicals, full employment is a:
25. According to the Classicals, investment is a function of:

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